The Little Book of Big Ideas: Economics contains the profiles and theories of 50 of the world's most eminent economists. From mercantilists through Keynesians to modern economic thought, this book gets behind 50 of the greatest minds and 10 core theories. Covering Hume, Smith and Marx, succinct biographies provide an insight into economists' personalities and reveal the outstanding contribution that each has made to this pervasive discipline. Essential concepts and themes have been expertly selected and complex issues are explained in their social, political and cultural context.
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Hayek and Mises also influenced the Austrian theory of the business cycle, which
led to specific implications for issues related to money, banking and central
banking. In direct contrast to Keynes, the Austrians viewed recession and ...
The creation of excess reserves by a central bank would not automatically result
in increased borrowing. Conversely, a lack of excess reserves would not set
limits to the lending capacity of a banking system. Central and private banks
Among the candidates are theories that focus on monetary factors, such as the
banking system and monetary policy, and those that rooted the cycles in
technological change. There are a number of different monetary theories, but all
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EconomicsUser Review - airastotool - Overstock.com
Great read for perhaps a highschooler or college student interested in the field of economics. Gives a quick snapshot of many economists including their backgrounds and specialties within the field ... Read full review
Introduction by Professor James Rollo
Joan Robinson 74 Joseph E Stiglitz
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